Ribbon Communications Correlations

RBBN Stock

USD 3.76 0.11 2.84%

The current 90-days correlation between Ribbon Communications and ATN International is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ribbon Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ribbon Communications moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ribbon Communications Correlation With Market

Very weak diversification

The correlation between Ribbon Communications and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ribbon Communications and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ribbon Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Ribbon Stock, please use our How to Invest in Ribbon Communications guide.

Moving together with Ribbon Stock

0.83	KE	Kimball Electronics	Pair Corr
0.77	EBON	Ebang International	Pair Corr
0.83	EHGO	Eshallgo Class A	Pair Corr
0.61	BAERW	Bridger Aerospace	Pair Corr
0.92	FLEX	Flex	Pair Corr
0.81	GLW	Corning Incorporated	Pair Corr
0.74	HPQ	HP Inc	Pair Corr
0.85	JBL	Jabil Circuit	Pair Corr
0.83	ZBRA	Zebra Technologies	Pair Corr
0.89	IDCC	InterDigital	Pair Corr
0.86	IONQ	IONQ Inc	Pair Corr
0.62	MITQ	Moving iMage Technologies	Pair Corr
0.75	NTGR	NETGEAR	Pair Corr
0.85	OUST	Ouster Inc	Pair Corr
0.94	PLXS	Plexus Corp	Pair Corr

Moving against Ribbon Stock

0.81	WBX	Wallbox NV	Pair Corr
0.74	EVLV	Evolv Technologies Trending	Pair Corr
0.73	CDW	CDW Corp	Pair Corr
0.61	VRME	VerifyMe	Pair Corr
0.6	IVAC	Intevac	Pair Corr
0.89	SHMD	SCHMID Group NV	Pair Corr
0.72	SMCI	Super Micro Computer Trending	Pair Corr
0.68	NTIP	Network 1 Technologies	Pair Corr
0.64	TRSG	Tungray Technologies	Pair Corr
0.58	CALX	Calix Inc Fiscal Year End 3rd of February 2025	Pair Corr
0.4	CRCT	Cricut Inc	Pair Corr

Related Correlations Analysis

	ATNI	LBRDA	RADI	CABO	CNSL	RDCM	SHEN	ATEX	SKM	LBRDK
ATNI		-0.46	-0.5	-0.78	-0.1	-0.54	0.31	0.3	0.45	-0.47	ATNI
LBRDA	-0.46		0.87	0.64	0.72	0.68	-0.65	-0.65	-0.71	1.0	LBRDA
RADI	-0.5	0.87		0.6	0.66	0.76	-0.58	-0.74	-0.7	0.87	RADI
CABO	-0.78	0.64	0.6		0.33	0.73	-0.42	-0.37	-0.48	0.65	CABO
CNSL	-0.1	0.72	0.66	0.33		0.49	-0.42	-0.28	-0.23	0.72	CNSL
RDCM	-0.54	0.68	0.76	0.73	0.49		-0.66	-0.61	-0.56	0.68	RDCM
SHEN	0.31	-0.65	-0.58	-0.42	-0.42	-0.66		0.6	0.61	-0.65	SHEN
ATEX	0.3	-0.65	-0.74	-0.37	-0.28	-0.61	0.6		0.81	-0.65	ATEX
SKM	0.45	-0.71	-0.7	-0.48	-0.23	-0.56	0.61	0.81		-0.72	SKM
LBRDK	-0.47	1.0	0.87	0.65	0.72	0.68	-0.65	-0.65	-0.72		LBRDK
	ATNI	LBRDA	RADI	CABO	CNSL	RDCM	SHEN	ATEX	SKM	LBRDK

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LBRDK	+ 1.0	LBRDA
RADI	+ 0.87	LBRDA
LBRDK	+ 0.87	RADI
SKM	+ 0.81	ATEX
RDCM	+ 0.76	RADI
RDCM	+ 0.73	CABO

High negative correlations

CABO	- 0.78	ATNI
ATEX	- 0.74	RADI
LBRDK	- 0.72	SKM
SKM	- 0.71	LBRDA
SKM	- 0.7	RADI
SHEN	- 0.66	RDCM

Risk-Adjusted Indicators

There is a big difference between Ribbon Stock performing well and Ribbon Communications Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ribbon Communications' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ATNI	2.38	(0.59)	0.00	(0.12)	0.00	0.00	4.14	(4.87)	31.68
LBRDA	2.15	0.36	0.22	0.38	1.49	(2.81)	4.70	(3.19)	33.07
RADI	0.10	0.01	(0.90)	(7.55)	0.00	(0.14)	0.27	(0.14)	0.61
CABO	2.01	0.06	0.05	0.15	2.41	(2.15)	4.14	(4.54)	18.76
CNSL	0.20	0.02	(0.21)	0.29	0.12	(0.35)	0.44	(0.43)	1.74
RDCM	2.35	0.23	0.04	0.76	3.15	(2.50)	5.40	(5.38)	19.90
SHEN	2.46	(0.30)	0.00	(0.14)	0.00	0.00	5.32	(3.94)	25.16
ATEX	1.56	(0.02)	(0.05)	0.02	2.17	(1.58)	3.49	(3.79)	12.42
SKM	0.93	0.06	(0.05)	(1.54)	1.15	(0.99)	2.11	(1.71)	5.40
LBRDK	2.11	0.33	0.21	0.36	1.51	(2.93)	4.96	(3.20)	30.97

Ribbon Communications Corporate Executives

Elected by the shareholders, the Ribbon Communications' board of directors comprises two types of representatives: Ribbon Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ribbon. The board's role is to monitor Ribbon Communications' management team and ensure that shareholders' interests are well served. Ribbon Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ribbon Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.

Miguel Ben	Executive CFO	Profile
John Townsend	Executive CFO	Profile
Salvatore Bucci	Executive COO	Profile

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